Australia's Tabcorp slips to over eight-month low after regulatory scrutiny

Tabcorp Holdings

08/05/2026 01:22

** Shares of Australia's Tabcorp TAH.AX extend losses to fall as much as 8.5% to A$0.805, their lowest level since August 26, 2025

** TAH stock is the top loser in the ASX 200 benchmark

** Stock dropped more than 23% in the previous session after Australia opened probe into the country's top wagering and gaming firm over money-laundering risks

** Australia's financial crime regulator identified "serious concerns" over its ability to identify, mitigate and manage money-laundering and terrorism-financing risks effectively

** If losses hold, TAH set for its worst week with drop of more than 30%

** About 16.1 million shares change hands, 2.1x the 30-day average

** Stock down ~19%, YTD

 (Reporting by Sneha Kumar in Bengaluru)

 ((Sneha.kumar@thomsonreuters.com;))